Fintech is a derivative of two words; Finance and Technology. Fintech companies are a category of companies that basically apply new technology to existing financial businesses. Some of the products these companies provide include Payment processing, online and mobile banking, online and peer-to-peer (P2P) lending, person-to-person payments, financial software, and financial services.
Globally, fintech funding increased slightly in June compared to prior months, but the bump in funding has occurred in dollar amounts, rather than in deal volume. Preliminary June figures show similar dollar amounts funding fewer deals, per CrunchBase.
The week of June 16 to June 23 saw $1.5 billion in funding, similar to the $1.4 billion in funding the week prior, and $1.2 billion two weeks prior.
This is a clear indication of interest from investors in the fintech sector. Fintech stocks, alongside most stocks, have been hit hard by the current bearish market conditions. However, from a long-term perspective, it can be an opportune time to look for solid companies to hold for the long term.
With that being said, here are some fintech investments to consider, categorized into two; Pioneer Fintech stocks which are basically global household stocks, and relatively new investment opportunities in new and innovative fintech companies.
